Air India sale to be delayed as govt mulls extending last date for EOI

This comes even as potential bidders are having second thoughts about the airline, taking into account the changed economic environment. Bidders, who are communicating with the Indian government, say bankruptcies announced by several airlines globally due to the travel ban has hit investor sentiment hard.

 

“Airlines are now filing for bankruptcies on a daily basis and the new corporate mantra is to conserve cash. In this background, the sale of Air India looks difficult,” said a potential bidder.